Revenue: $2.2 Million (2023) The label was founded in 1931 by Helmars Rudzitis, owner of the publishing house Grāmatu Draugs (Friend of the book), who organized recording and pressing facilities in Riga at Kalnciema ielā, 40 (the building still exists).
After the return of Soviet authorities, the factory was re-opened in April 1945 and kept using the original Bellaccord's name until 1949 (since 1948 — without the word Electro on the labels).
In 1950 it was renamed Rīgas skaņuplašu fabrika / Рижский завод грампластинок (i.e. Riga's gramophone records factory), then Baltija (1957), Līgo (1958–61) and finally Melodija (1961–64).
After the break-up of the USSR, the Riga's factory became owned by Alexander Kutikov's company Sintez Records[4] and renamed RiTonis[5] (1992).
[6] In mid-1950s, a series of 100 Bellaccord Electro records was reissued under the original label in USA and Australia.